What a day! Stocks, commodities, currencies and futures are going ga-ga over the US “election” as volatility rears its beautiful, shiny head across traders screens today. In a nutshell, USD has been moving alongside the up and down probability of a Trump enema or a Biden bye-bye, leaving a wake of volatility in all dollar

Stocks are loving the US election as Europe and Wall Street advanced overnight and continued to move higher in futures – a stark difference to the 2016 election. Treasury yields continue to move higher, the ten year now at 0.9% to almost a yearly high while USD is still in defensive mode, dropping against most

More green across Asian stock markets today as traders discount concerns leading into the most volatile trading week (and month?) of 2020. The latest RBA meeting had the policy wonks finally join the rest of the “civilized” central bank world as they fire up the printing presses and cut rates to historic lows. USD is

Risk is rebounding again in fits and spurts as volatility spikes before the US election with the USD losing ground against everything but Euro while Wall Street advanced – except tech stocks. More positive economic data with the latest ISM Manufacturing PMI print coming in hotter than expected, repeated in the EU and UK as

A sea of green across Asian stock markets today as we start the most volatile trading week of 2020. USD is retreating against some undollars with gold managing a small boost to $1884USD per ounce, but still well below its previously well supported $1900 level: The Shanghai Composite is again stuck with a scratch session,

So begins what could be the most volatile trading week of the year as the US election finally comes to a hand. Risk markets retraced once again on Friday night, capping off a poor week for stocks and undollar assets like the Australian dollar and gold. The backdrop was some good economic data from the

Another very mixed day across stock markets in Asia to finish the trading week (and month) with the bounces overnight on Wall Street not translating into anything meaningful. There’s been a co-ordinated bounce against USD, with gold managing a small boost to $1875USD per ounce, but still well below its previously well supported $1900 level:

Risk markets fought valiantly to get back into the green overnight after the previous slump, as very encouraging US economic data – specifically a record GDP print – helped stave off the sellbots. The ECB had its monthly meeting, stating everything as she goes, however the post press conference saw Lagarde dampen spirits as the

Not quite a sea of red across stock markets in Asia today despite the big falls on Wall Street and in Europe overnight, with mainland Chinese shares actually advancing. There’s been a co-ordination of weakness in other risk assets like Australian dollar and gold with the shiny metal slowly trying to get back after its

Its risk awfff as both Wall Street and European shares tumble in the wake of lockdowns on the continent and lunatics loose in the US election. Stocks fell over 3-4% on both sides of the Atlantic to new monthly lows with defensive assets like Yen rising, while gold and other commodities fell sharply. Asian shares

Stocks markets are mixed across the region despite the falls on Wall Street and in Europe overnight, as concerns over COVID (at least on the continent, not the colonists) outweigh risk sentiment. There’s been a continued retreat to safe havens like USD, Yen and gold – and Bitcoin – with the non-useless shiny metal slowly

A flurry of potentially good economic releases did not stave the risk off mood overnight as the chance of any stimulus this side of the US election closed out as the Senate was put out to pasture by the Republicans. A solid September durable goods orders and equally fixed consumer confidence print had little impact

Stocks markets are falling across the region in response to the big stumble on Wall Street and in Europe overnight, with a retreat to safe havens like Yen and gold, the latter inching back above the $1900USD per ounce level but still looking weak here as its medium term uptrend remains under threat: The Shanghai

Its risk off as Wall Street and European stocks took a tumble, started first by an underwhelming IFO survey in Germany followed by continued outbreaks and new record high cases of COVID-19 in the US and Europe alike. Stalemate over further fiscal stimulus in the US didn’t help confidence, with stocks falling over 2% although

Risk markets are stumbling on the open to the trading week here in Asia with most stock markets in retreat with gold flopping below the $1900USD per ounce level after its midweek rally previously fails to find any momentum with the medium term uptrend now under threat: The Shanghai Composite is losing fast, down another

Wall Street had a mild finish to the week with European stocks outperforming. The impasse on US stimulus talks this close to the election is holding up risk sentiment, with the USD retreating slightly and bond yields slightly lower. Commodity markets pulled back even further with oil slumping alongside copper and iron ore, while gold

Risk sentiment is mixed today here in Asia following the final US presidential debate as the majors are battling it out against the USD with gold hovering just above the $1900USD per ounce level as momentum reverts from its overbought condition and Bitcoin slips from its mammoth $13000 top: The Shanghai Composite is slowly putting

Wall Street was able to find some confidence overnight even though there was still no progress on fiscal stimulus measures. European stocks were flat at best while the USD returned to strength, mainly due to the fall in Euro. Commodities were again mixed with oil coming back while copper fell alongside gold, while Bitcoin shoots

Risk sentiment is trending down again today here in Asia following the repeated unease on Wall Street overnight, going into the last US presidential “debate”. The USD remains firmly down against the majors with Yen still quite firm while the Australian dollar consolidates above the 71 level. Gold is trying to regain its lost ground

Risk sentiment remains tenuous across the North Atlantic overnight with Wall Street stumbling and European stocks almost in full retreat as the triple whammy of COVID, Brexit and the upcoming US elections weigh on markets. USD is falling sharply against the majors, with both gold and Bitcoin taking advantage, while commodity prices are completely messed

Risk sentiment is generally solid today here in Asia with mainland Chinese shares the only fly in the ointment as Yuan contineus to advance.  The USD is mixed against the majors with Euro spiking, Yen firming and the Australian dollar trying to clawback it start of week gains. This is good news for gold bugs

With less than two weeks to go until the US elections, risk markets are still swayed by any hopium around a further stimulus package from Congress, with further talks overnight pushing markets and then post-close futures this morning. Wall Street notionally closed higher but has slumped again this morning. Commodities have lifted however on the

Risk sentiment is very wobbly today here in Asia with Chinese shares just holding on to scratch sessions while the rest of the region sells off slightly in response to the harsher falls on Wall Street overnight. The USD is mixed against most of the majors although the Australian dollar remains on the ropes with

The lack of any economic reports and any action of further stimulus measures from the US sent Wall Street and other risk markets lower overnight, as we head into the usually volatile late October period leading up to the US presidential election. Commodities were mixed with oil pulling back slightly while gold and Bitcoin both

As the trading week starts again, risk sentiment has finally found some support outside China, which had to absorb the latest declining GDP print. The USD is mixed against most of the majors with gold getting back above the $1900USD per ounce level as daily support very slowly builds: The Shanghai Composite however continues to

Wall Street finished Friday night with a fizzer, despite a very strong US retail sales print with European markets putting in a better result. Industrial production for September disappointed however, sending all the industrial metals down and bond yields rose slightly higher. A mixed finish to the trading week with the lack of firm upside

As the trading week comes to an end, risk sentiment continues to slide here in Asia, with Chinese shares the exception with small lifts on the mainland. The USD is also still firming against most of the majors with gold and silver the exception, the former holding above the $1900USD per ounce level: The Shanghai

Wall Street has been in retreat for three days in a row now, as risk sentiment slowly catches up to the out of control COVID cases emerging in Europe and the US as they go into their colder seasons. A higher than expected US jobless claims print didn’t help, neither did continued stalemate in the

Risk sentiment continues to slide here in Asia, except local stocks which took the headline fall in the latest unemployment figures at face value. The USD has firmed against most of the majors with gold and silver struggling, the former pushed back below the $1900USD per ounce level again: The Shanghai Composite struggled throughout its